Household saving is defined as the difference between a household’s disposable income (wages, income of the self-employed and net property income) and its consumption (expenditures on goods and services.)

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NEW YORK, Sept. 19, 2016 — Global Finance has named the 50 Safest Banks in the Middle East for 2016 as part of its 25th annual World’s Safest Banks rankings. This is the first time the publication has published such an extensive list focused on the Middle East region, where plummeting oil prices have changed the landscape.

In addition to the 50 Safest European Banks, the full report also includes the following: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, 50 Safest Banks in Emerging Markets, 50 Safest Banks in the Middle East, Safest Chinese Banks, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe). The report will also compare the 2016 Safest Banks against our rankings from 5 and 10 years ago.

Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.

“Middle East banking has grown tremendously in recent years, and Global Finance has been there to cover it, from technology advances to the spread of Islamic finance products. This year’s ranking goes more deeply than previous years to provide investors and interested parties with a more complete analysis of the industry in the region,” says Joseph Giarraputo, publisher and editorial director of Global Finance.

Rank

Bank Name

Country

1

National Bank of Abu Dhabi

UAE

2

Qatar National Bank

Qatar

3

National Bank of Kuwait

Kuwait

4

Abu Dhabi Commercial Bank

UAE

5

Union National Bank

UAE

6

Al Hilal Bank

UAE

7

First Gulf Bank

UAE

8

Kuwait Finance House

Kuwait

9

Abu Dhabi Islamic Bank

UAE

10

Al Ahli Bank of Kuwait

Kuwait

11

Ahli United Bank (Kuwait)

Kuwait

12

Barwa Bank

Qatar

13

Qatar International Islamic Bank

Qatar

14

Ahlibank

Qatar

15

International Bank of Qatar

Qatar

16

Doha Bank

Qatar

17

Gulf Bank

Kuwait

18

National Commercial Bank

Saudi Arabia

19

Emirates NBD

UAE

20

Al Rajhi Bank

Saudi Arabia

21

SAMBA Financial Group

Saudi Arabia

22

Qatar Islamic Bank

Qatar

23

Commercial Bank of Qatar

Qatar

24

Al Khaliji Bank

Qatar

25

Commercial Bank of Kuwait

Kuwait

26

Bank Hapoalim

Israel

27

Bank Leumi

Israel

28

Riyad Bank

Saudi Arabia

29

SABB

Saudi Arabia

30

Banque Saudi Fransi

Saudi Arabia

31

Burgan Bank

Kuwait

32

Boubyan Bank

Kuwait

33

Gulf Investment Corporation

Kuwait

34

Arab National Bank

Saudi Arabia

35

Dubai Islamic Bank

UAE

36

Saudi Hollandi

Saudi Arabia

37

Sharjah Islamic Bank

UAE

38

Warba Bank

Kuwait

39

Mashreq Bank

UAE

40

Saudi Investment Bank

Saudi Arabia

41

Gulf International Bank

Bahrain

42

Bank Aljazira

Saudi Arabia

43

Commercial Bank of Dubai

UAE

44

National Bank of Fujairah

UAE

45

RakBank

UAE

46

Bank Muscat

Oman

47

Ahli United Bank

Bahrain

48

Bank Dhofar

Oman

49

National Bank Of Oman

Oman

50

Bank ABC

Bahrain

Ratings current as of August 9, 2016

METHODOLOGY

About Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.

Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.